By Silver Nwokoro 06 December 2022 | 8:41 am A Lagos-based firm, God Made Homes (GMH) Limited, has signed a N5,000,000,000 Commercial Paper (CP) agreement with Qualinvest capital limited, Pathway advisors limited and six other professional parties to provide homes for Nigerians. The other six parties are Dupont capital advisory limited, Keystone bank, Ferdinand Eze & Co-auditor to the issuer. The new practices- solicitors… A Lagos-based firm, God Made Homes (GMH) Limited, has signed a N5,000,000,000 Commercial Paper (CP) agreement with Qualinvest capital limited, Pathway advisors limited and six other professional parties to provide homes for Nigerians. The other six parties are Dupont capital advisory limited, Keystone bank, Ferdinand Eze & Co-auditor to the issuer. The new practices- solicitors to the transaction, Chariots and Spirit LP- solicitors to the issuer and STL Trustees limited- trustees. Chief Executive Officer of GMH, Ayoolanrewaju Joseph, who spoke during the signing of the agreement, said the fund will ensure that the firm delivers the projects to specification, as well as timely completion. Joseph said: “Funding has been a major issue in the real estate finance sector. This will help to reduce our cost overrun in the long run by having enough capital to purchase finishing materials.” He further disclosed that the issuing houses are Qualinvest capital limited and Pathway advisors limited, adding that Keystone bank will provide the guarantee for the CP. Joseph said the firm has covered over 70 units of housing in seven years of existence. A representative of STL Trustees limited, Akin Oni, said STL is to play the role of trustee in the transaction, adding that the CP is secured and backed by keystone bank. Oni said: “CPs are not long tenure districts but depending on when it is issued, it’s probably not going to be more than 270 days. It won’t be issued at once since it is N5 billion, it will come out in bits depending on how the market receives it.” Latest NOW The National Coalition of Polling Units Ambassadors (NACOPUAM) has urged the Northern Elders to support Asiwaju Bola Tinubu’s presidential ambition in the spirit of equity, fairness and justice. The group described as heartbreaking a situation where another Northerner is being paraded to become a presidential candidate given that the incumbent president is from the north.… 6 mins ago Senior Pastor of House on the Rock Church, Paul Adefarasin, has stated that it was time Nigerians got serious about the destiny of the country, and deliver it from the clutches of self-interest and greedy people. Speaking at a media briefing to herald the Experience ’17, tagged: Jesus: The exceptional one,’ the cleric said it… 11 mins ago Bode George, Makinde, Fayose, others shun rally Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, yesterday, said the Federal Government developed the nation’s economic nerve centre, Lagos. The Adamawa-born politician and former vice president also said the All Progressives Congress (APC) lied that its presidential candidate, Tinubu, built Lagos after the nation’s return… 20 mins ago High-quality health services involve the right care, at the right time. A healthy society is a sustainable society, which is why Nigerian National Petroleum Corporation Exploration and Production (NNPC E&P) and Natural Oilfield Services Limited (NOSL) launched a healthcare drive to uplift the people of host communities and monitor the overall health matters and in addressing specific… 27 mins ago A Lagos-based firm, God Made Homes (GMH) Limited, has signed a N5,000,000,000 Commercial Paper (CP) agreement with Qualinvest capital limited, Pathway advisors limited and six other professional parties to provide homes for Nigerians. The other six parties are Dupont capital advisory limited, Keystone bank, Ferdinand Eze & Co-auditor to the issuer. The new practices- solicitors…
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